PSA Sales Drop 7.4 Percent in 2008
11 Feb 2009, 13:26 UTC · By: Bogdan Popa / We all knew 2008 was a difficult year, particularly in the end when the economic recession started slashing sales, workforce and profits of automakers all over the world. The PSA Peugeot Citroen gro...
PSA Continues Russian Expansion, Mitsubishi Still on Hold
10 Feb 2009, 14:44 UTC · By: Bogdan Popa / Even if Mitsubishi confirmed it plans to delay production at the newly-built plant in Russia, the PSA group said is still aims to start manufacturing cars at the Kaluga factory in the first half of ...
PSA Boss Expects 2009 Sales Drop by 20%
10 Feb 2009, 13:37 UTC · By: Madalina Iancu / It is already known that PSA/Peugeot-Citroen is facing serious problems in the light of the economic crisis despite the loan they received from the government. More sadly, neither 2009 nor 2010 sale...
French Automakers Get 3bn Euros Aid, Sarkozy Speaks His Mind
9 Feb 2009, 14:27 UTC · By: Daniel Patrascu / The French Government will lend both a hand and some money to the native automotive industry, in order to help it survive the crisis and keep industry employees from being laid off. The aid will go ...
PSA Delays Launch of Plug-in Hybrids
5 Feb 2009, 08:55 UTC · By: Daniel Patrascu / The ever growing need to save money and cut costs could result in the delay of PSA's hybrid vehicles launch. The delay could take as long as two years, but will not interfere with the company&...
France Asks Auto Execs to Cut Bonuses in Return for State Aid
22 Jan 2009, 10:04 UTC · By: Bogdan Popa / The French government yesterday agreed to provide financial support to local automakers but only if struggling companies agree to cut bonuses paid to chief executives, Autonews wrote in a report pub...